Business & Finance Waterbury, CT Pop. 114,403

Loan Officer Salary in Waterbury, Connecticut

The median loan officer salary in Waterbury, CT is $69,684 per year, which is 6.0% above the national median and 11.7% below the Connecticut state average.

City Median
$69,684
vs State Avg
$-9,204
vs National
+$3,944
Cost of Living
98%

Loan Officer Salary in Waterbury by Experience

In Waterbury, an entry-level loan officer earns around $40,280, while experienced professionals earn up to $137,800 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$40,280
+$2,280 vs national
Mid Level (3-7 yrs)
$69,960
+$3,960 vs national
Senior Level (8+ yrs)
$137,800
+$7,800 vs national

Salary Percentiles in Waterbury, CT

Percentile Waterbury
10th Percentile $37,312
25th Percentile $48,124
Median (50th) $69,684
75th Percentile $106,000
90th Percentile $163,028

Loan Officer Salary in Other Connecticut Cities

Stamford, CT
$95,980
Pop. 135,470
New Haven, CT
$77,573
Pop. 134,023
Bridgeport, CT
$76,258
Pop. 148,529
Hartford, CT
$74,286
Pop. 121,054

How to Become a Loan Officer in Waterbury

Education

Most loan officer positions require a bachelor's degree. Waterbury and the surrounding Connecticut area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Waterbury may vary based on local industry and population growth.

Find Loan Officer Jobs in Waterbury

Browse open loan officer positions in Waterbury, CT:

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Frequently Asked Questions: Loan Officer Salary in Waterbury

How much does a Loan Officer make in Waterbury, CT? ▼
The median loan officer salary in Waterbury, Connecticut is $69,684 per year, which is 6.0% above the national median of $65,740. Salaries range from $37,312 (10th percentile) to $163,028 (90th percentile).
How much does a Loan Officer make per hour in Waterbury? ▼
Based on the median annual salary of $69,684, a loan officer in Waterbury earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Waterbury compare to the Connecticut state average for loan officer pay? ▼
Waterbury's median loan officer salary of $69,684 is 11.7% below the Connecticut state average of $78,888. The local cost of living index is 98% of the national average.
What is the cost of living in Waterbury, CT? ▼
Waterbury has a cost of living index of 98% compared to the national average. This means a loan officer salary of $69,684 in Waterbury has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Waterbury? ▼
Most loan officer positions in Waterbury require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.